Thursday, 16 June 2016

Top buzzing stocks in Thursday’s trade: Ujjivan,Lux Industries, SBI subsidiaries and more

The Reserve Bank has put Ujjivan Financial Services on its ban list for foreign investment, which means overseas investors will not be able to buy further equity in the company.

Below are top stocks in focus today:

Stock of Ujjivan Financial Services were trading 2.74 per cent down at 380.40 (9.26 am)

Stocks of Lux Industries Ltd were trading 3.47 per cent up at Rs 656.80 (9.29 am) after it on Wednesday informed BSE that June 15, 2016 is the commercial operation date of the company’s Dankuni Plant near Kolkata, West Bengal.

Stocks of State Bank of India and State Bank of Bikaner and Jaipur, State Bank of Travancore and State Bank of Mysore will be in focus after Cabinet on Wednesday gave go-ahead to the merger of SBI associates.

Tata Motors-owned Jaguar Land Rover on Wednesday announced the opening of its 240 million pounds (around Rs 2,280 crore) manufacturing facility and education business partnership centre at Rio de Janeiro, Brazil.

IT firm Wipro on Wednesday launched its analytics solution, Data Discovery Platform that will provide business insights across the value chain of an industry through pre-defined ‘apps’.

Jaiprakash Power Ventures on Wednesday said that its board will consider a proposal to transfer 500 MW Bina thermal plant in Madhya Pradesh to its subsidiary.

Stocks of oil marketing companies like Indian Oil CorporationHPCL and BPCL will be in limelight after petrol price was on Wednesday marginally hiked by 5 paise a litre and diesel by Rs 1.26 a litre, the fourth increase in rates in six weeks.

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